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Acquisitions, Dispositions, Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2021
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]  
Schedule of Goodwill [Table Text Block] Changes in our goodwill balances for the nine months ended September 30, 2021 were as follows:
(dollars in millions)
Balance as of January 1, 2021(1)
Acquisitions and Divestitures(2)
Foreign Currency Translation and Other
Balance as of September 30, 2021
Collins Aerospace Systems$31,571 $— $(146)$31,425 
Pratt & Whitney1,563 — — 1,563 
Raytheon Intelligence & Space(1) (2)
9,522 (397)— 9,125 
Raytheon Missiles & Defense(1)
11,608 52 (1)11,659 
Total Segments54,264 (345)(147)53,772 
Eliminations and other21 — (4)17 
Total$54,285 $(345)$(151)$53,789 
(1)    In connection with the previously announced January 1, 2021 reorganization of RIS and RMD, goodwill of $282 million was allocated from RMD to RIS on a relative fair value basis and is reflected in the revised balances at January 1, 2021.
(2)    Change in Acquisitions and Divestitures for RIS includes the reclassification of a preliminary estimate of approximately $430 million of goodwill associated with the RIS’s global training and logistics business, as criteria for held for sale accounting treatment was met during the three months ended September 30, 2021.
Schedule of Indefinite-Lived Intangible Assets [Table Text Block] Identifiable intangible assets are comprised of the following:
 September 30, 2021December 31, 2020
(dollars in millions)Gross AmountAccumulated
Amortization		Gross AmountAccumulated
Amortization
Amortized:
Patents and trademarks$48 $(36)$48 $(35)
Collaboration assets5,269 (1,112)5,021 (1,024)
Exclusivity assets2,647 (317)2,541 (295)
Developed technology and other939 (407)906 (316)
Customer relationships29,956 (6,849)30,241 (5,262)
38,859 (8,721)38,757 (6,932)
Unamortized:
Trademarks and other8,704 — 8,714 — 
Total$47,563 $(8,721)$47,471 $(6,932)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] The following is the expected amortization of intangible assets for the years 2021 through 2026. 
(dollars in millions)Remaining 202120222023202420252026
Amortization expense$630 $1,936 $2,035 $2,142 $2,025 $1,939 
Raytheon Company [Member]  
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]  
Schedule of Noncash or Part Noncash Acquisitions
Total consideration is calculated as follows:
(dollars in millions)Amount
Fair value of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards$33,067 
Fair value attributable to pre-merger service for replacement equity awards99 
Total merger consideration$33,166 
The fair value of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards is calculated as follows:
(dollars and shares in millions, except per share amounts and exchange ratio)Amount
Number of Raytheon Company common shares outstanding as of April 3, 2020277.3
Number of Raytheon Company stock awards vested as a result of the Raytheon Merger (1)
0.4
Total outstanding shares of Raytheon Company common stock and equity awards entitled to merger consideration277.7
Exchange ratio (2)
2.3348
Shares of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards648.4
Price per share of RTC common stock (3)
$51.00 
Fair value of RTC common stock issued for Raytheon Company outstanding common stock and vested equity awards$33,067 
(1)    Represents Raytheon Company stock awards that vested as a result of the Raytheon Merger, which is considered a “change in control” for purposes of the Raytheon 2010 Stock Plan. Certain Raytheon Company restricted stock awards and Raytheon Company restricted stock unit (RSU) awards, issued under the Raytheon 2010 Stock Plan vested on an accelerated basis as a result of the Raytheon Merger. Such vested awards were converted into the right to receive RTC common stock determined as the product of (1) the number of vested awards, and (2) the exchange ratio.
(2)    The exchange ratio is equal to 2.3348 shares of UTC common stock for each share of Raytheon Company common stock in accordance with the Raytheon Merger Agreement.
(3)    The price per share of RTC common stock is based on the RTC opening stock price as of April 3, 2020.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The final purchase price allocation, net of cash acquired, for the acquisition was as follows:
(dollars in millions)
Cash and cash equivalents$3,208 
Accounts receivable, net1,997 
Contract assets6,023 
Inventory, net705 
Other assets, current940 
Fixed assets, net4,745 
Operating lease right-of-use assets950 
Intangible assets, net:19,130 
Customer relationships12,900 
Tradenames/trademarks5,430 
Developed technology800 
Other assets1,218 
Total identifiable assets acquired38,916 
Accounts payable1,477 
Accrued employee compensation1,492 
Other accrued liabilities1,921 
Contract liabilities3,002 
Long-term debt, including current portion4,700 
Operating lease liabilities, non-current portion738 
Future pension and postretirement benefit obligation11,607 
Other long-term liabilities2,368 
Total liabilities acquired27,305 
Total identifiable net assets11,611 
Goodwill21,589 
Redeemable noncontrolling interest(34)
Total consideration transferred$33,166 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
The intangible assets included above consist of the following:
(dollars in millions)Fair ValueUseful Life
Acquired customer relationships$12,900 
25 years
Acquired tradenames5,430 Indefinite
Acquired developed technology800 
5 to 7 years
Total identifiable intangible assets $19,130 
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block] The results below reflect Raytheon Technologies on a continuing operations basis, in order to more accurately represent the structure of Raytheon Technologies after completion of the Separation Transactions, the Distributions and the Raytheon Merger.
 Quarter EndedNine Months Ended
(dollars in millions, except per share amounts)September 30, 2020September 30, 2020
Net sales$14,747 $47,668 
Income (loss) from continuing operations attributable to common shareowners174 (2,328)
Basic earnings (loss) per share of common stock from continuing operations$0.12 $(1.54)
Diluted earnings (loss) per share of common stock from continuing operations0.11 (1.54)
The unaudited supplemental pro-forma data above includes the following significant adjustments made to account for certain costs which would have been incurred if the acquisition had been completed on January 1, 2019, as adjusted for the applicable
tax impact. As the merger was completed on April 3, 2020, the pro-forma adjustments in the table below only include the required adjustments through April 3, 2020.
 Quarter EndedNine Months Ended
(dollars in millions)September 30, 2020September 30, 2020
Amortization of acquired Raytheon Company intangible assets, net (1)
$— $(270)
Amortization of fixed asset fair value adjustment (2)
— (9)
Utilization of contractual customer obligation (3)
— 8 
Deferred revenue fair value adjustment (4)
— (4)
Adjustment to non-service pension (income) expense (5)
— 239 
RTC/Raytheon fees for advisory, legal, accounting services (6)
23 119 
Adjustment to interest expense related to the Raytheon Merger, net (7)
— 9 
Elimination of deferred commission amortization (8)
— 5 
$23 $97 
(1)    Reflects the additional amortization of the acquired Raytheon Company’s intangible assets recognized at fair value in purchase accounting and eliminates the historical Raytheon Company intangible asset amortization expense.
(2)    Reflects the amortization of the fixed asset fair value adjustment as of the acquisition date.
(3)    Reflects the additional amortization of liabilities recognized for certain acquired loss making contracts as of the acquisition date.
(4)    Reflects the difference between prepayments related to extended arrangements and the fair value of the assumed performance obligations as they are satisfied.
(5)    Represents the elimination of unamortized prior service costs and actuarial losses, as a result of fair value purchase accounting.
(6)    Reflects the elimination of transaction-related fees incurred by RTC and Raytheon Company in connection with the Raytheon Merger and assumes all of the fees were incurred during the first quarter of 2019.
(7)    Reflects the amortization of the fair market value adjustment related to Raytheon Company.
(8)    Reflects the elimination of amortization recognized on deferred commissions that are eliminated in purchase accounting.